PPP Loan Data — Ahtna Construction & Primary Products Company, LLC, Anchorage, AK
Ahtna Construction & Primary Products Company, LLC is a located at 110 W 38th Ave Ste 100 in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $2,755,587.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Ahtna Construction & Primary Products Company, LLC in Anchorage, AK received a Paycheck Protection Loan of $2.76M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Ahtna Construction & Primary Products Company, LLC's total 2019 payroll expenses were approximately $13.23M in order to qualify for the PPP loan amount received.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $97,976 per employee1.
Business Information - Ahtna Construction & Primary Products Company, LLC in Anchorage, AK
110 W 38th Ave Ste 100
Anchorage, AK 99503
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AK-
Similar Companies near Anchorage
In the Anchorage area, 4 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 135) and received an average PPP loan of $960,094 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Caddo Construction, LLC
Stormwater Plans, LLC
Brice Civil Constructors, Inc.
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 81% lower than Ahtna Construction & Primary Products Company, LLC's reported 135 employees, and received an average PPP loan of $405,656, 85% lower than this company's loan of $2.76M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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